French Energy Bill Delayed until Spring 2015

Posted by Eric Haun
Friday, June 06, 2014

The adoption of France's framework energy bill, meant to fulfil President Francois Hollande's pledge to cut the share of nuclear energy in the country's electricity mix to 50 percent, has been pushed back to early 2015.

"It will be reviewed by parliament in the autumn and adopted in the spring of 2015," an official at Prime Minister Manuel Valls's office told Reuters on Friday, without elaborating on the reasons.

Earlier in the day French radio Europe 1 cited an adviser to Hollande as saying that the government will be 10 billion euros ($13.6 billion) short of funding for the bill's proposals.

The new law was initially expected to come into force before the end of 2014.

Segolene Royal, Hollande's fourth energy minister since the beginning of his mandate in 2012, has said she would unveil on June 11 the broad objectives of the bill, which she wants to use as leverage to boost renewable energies and economic growth.

No one at her office was available to comment on the latest delay.

The bill has been delayed repeatedly since 2012. It is expected to spell out how France, the world's most nuclear-reliant nation, intends to cut nuclear energy to 50 percent from 75 percent of its electricity production by 2025.

Energy ministry officials told a parliamentary hearing this year that the gradual closure of about 20 nuclear reactors would be required to meet Hollande's 2025 target if electricity consumption remains stable.

This seemed to contradict the view of Henri Proglio, the head of state-owned utility EDF, who said he expected electricity demand to rise because of population growth and that no reactor closure is needed.

Measures to boost renewable energy capacity, which has grown more slowly in France than in neighbours such as Germany or Spain, are also expected to be included in the law.

($1 = 0.7345 Euros)

(Reporting by Julien Ponthus; Writing by Michel Rose; Editing by David Goodman)

Maritime Reporter November 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

News

Port Workers in Argentine Grain Hub End Strike

Port workers in part of the Argentine grains hub of Rosario lifted a work stoppage on Friday, only a day after they went on strike over demands for higher year-end bonuses, a union official said.

Madsen to Chair Norway’s Research Council Executive Board

Henrik O. Madsen appointed chairman of the executive board of the Research Council of Norway   DNV GL president and CEO Henrik O. Madsen was appointed as chairman

Larger Tankers May Offer Better Return Chances

Investors looking for returns in the tanker markets can invest their capital in a variety of ways. Should an owner invest in a VLCC or an Aframax? How about an

Government Update

Madsen to Chair Norway’s Research Council Executive Board

Henrik O. Madsen appointed chairman of the executive board of the Research Council of Norway   DNV GL president and CEO Henrik O. Madsen was appointed as chairman

MARAD Publishes US ATB, ITB Database

The U.S. Maritime Administration (MARAD) released what it is calling a first-of-its-kind public database that chronicles U.S.-flagged, privately owned domestic

Costa Rica Approves APM Terminals Project

Port operator APM Terminals, a unit of Denmark's A.P. Moller-Maersk, said on Friday Costa Rica's environment agency had approved the construction of its Moin Container Terminal project.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Naval Architecture Navigation Pipelines Ship Electronics Ship Simulators Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1041 sec (10 req/sec)